Bleakley Financial Group LLC Increases Position in BrightView Holdings, Inc. (NYSE:BV)

Bleakley Financial Group LLC boosted its position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 105.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,472 shares of the company's stock after acquiring an additional 19,783 shares during the quarter. Bleakley Financial Group LLC's holdings in BrightView were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Interval Partners LP purchased a new stake in shares of BrightView during the fourth quarter worth about $10,728,000. Boston Partners grew its holdings in BrightView by 514.6% during the 4th quarter. Boston Partners now owns 579,159 shares of the company's stock valued at $9,260,000 after buying an additional 484,928 shares in the last quarter. Millennium Management LLC increased its stake in BrightView by 96.5% in the 4th quarter. Millennium Management LLC now owns 944,584 shares of the company's stock worth $15,104,000 after acquiring an additional 463,983 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BrightView by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company's stock worth $64,976,000 after acquiring an additional 454,756 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of BrightView by 25.9% during the 4th quarter. Bessemer Group Inc. now owns 1,908,651 shares of the company's stock valued at $30,520,000 after acquiring an additional 393,103 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares in the company, valued at $310,076,971.20. The trade was a 35.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by company insiders.

BrightView Stock Down 0.1%

Shares of NYSE:BV traded down $0.01 on Friday, reaching $15.87. The company had a trading volume of 635,113 shares, compared to its average volume of 624,638. BrightView Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $18.89. The firm's 50 day simple moving average is $15.94 and its 200-day simple moving average is $14.74. The firm has a market capitalization of $1.51 billion, a PE ratio of -793.10 and a beta of 1.27. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.63.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The business had revenue of $662.60 million for the quarter, compared to the consensus estimate of $643.29 million. During the same period last year, the business posted $0.11 EPS. The business's revenue was down 1.5% compared to the same quarter last year. As a group, analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BV. Wall Street Zen upgraded BrightView from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Robert W. Baird lowered their price objective on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, July 2nd. Finally, Loop Capital lowered their price objective on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.27.

About BrightView

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.